March 26, 2008

Brazil new soy crop 62 percent sold 

Brazil's 2007-08 soy crop is 62 percent sold as of March 24, farm consultancy AgRural said Tuesday.

Last year, 51 percent of the crop had been sold at this time.

No. 1 soy producer Mato Grosso has 80 percent of its soy crop sold compared with 72 percent last year. Parana, the No. 2 producer, has sold 53 percent of its crop compared with 41 percent last March, and Rio Grande do Sul, the No. 3 producer, has sold 40 percent compared with 23 percent last year.

Brazil is the world's No. 2 soy producer, behind the US.